Trump says he will announce raft of new trade tariffs
Photo by Scott Eisen/Getty Images
President Donald Trump has said he will announce a 25% import tax on all steel and aluminium entering the US, a move that will have the biggest impact in Canada, AmericanDiary24 reports via BBC.
Trump also said that there would be an announcement later in the week about reciprocal tariffs on all countries that tax imports from the US, but he did not specify which nations would be targeted, or if there would be any exemptions.
"If they charge us, we charge them," Trump said.
He told reporters of his plans while traveling from his Mar-a-Lago resort in Florida to the Super Bowl in New Orleans on Sunday.Canada and Mexico are two of the US's biggest steel trading partners, and Canada is the biggest supplier of aluminium metal into the US.
During his first term, Trump put tariffs of 25% on steel imports and 10% on aluminium imports from Canada, Mexico and the European Union.
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